Will you need to find a place for yourself to own or rent, or will you need to cover the existing mortgage of your current home?

If nothing exists now and this is a new unit, the contractor will have to install a switch and whip or pipe to power it in addition to venting the fan to the roof.

Create an interesting walkway with spme type of pavers, not just concrete.Unless it's in horrible shape, leave the existing siding, and paint it in a bright color (it works wonders on a tiny house), and an appropriate entry door in a contrasting but complementary darker color.

@Daniel Barnett  Never read one book never looked on line because on line did not exist in 1975.simply got my real estate license at 18 my brokers at 20 my first year in the business I made 56k in 1975 and never looked back..

The existing tenant can't be included on that deal; it would just be you and the bank.

Because we sit on a hill, water was passing over the existing swale and coming into the basement.  

I have a few questions just feel free to answer the ones applicable to you or all of them :)My question for all of you seasoned or not investors...Since the existence of BP do you believe you will not need to be trained by a "guru"?

I believe that cap rates are important and cash flow is king.My thought is that constructing a new multifamily property will be more attractive to renters rather than offering an existing 'older' unit.

Is there a limit on how many existing mortgages or financed properties the lender allows you to have? 

It's a rather obvious existing problem for which  the economics make no sense whatsoever.This is like asking your auto insurance company to insure your car with major damage after a big accident has already occured. .